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Thread: Company News by ForexMart

  1. #271

    Default Economic News

    Japan Household Spending Grew 2.3% in June

    Japan’s household expenditure in the previous month accelerated most in 2015 since the available jobs heightened to its fresh 43-year highs. This shows that as the labour market tightens, it helps push wages and consumer spending up in a gradual pace.

    Last week, the BOJ retained its monetary policy, however, pushed back again to reach its price goal, underlining the gap between the weak inflation and steady growth. And further emphasized that it may take some time to scale down its massive stimulus.

    The Japanese economy grew at an annualized 1.0 percent earlier this year, indicating a consecutive growth for the fifth time on strong exports and expansion in personal consumption.
    According to analysts, the domestic demand is the main driver for a sustained growth in net exports but would probably reduce growth in GDP for the second quarter.

    The positive signs for household consumption consist of 60 percent of the economy and gained 2.3 percent in the year until June, that jumped for the first time after 16 months and acquired the largest annual gain in August 2015. While the median estimate of the economists is 0.6 percent which is further based on the polled data of Reuters by the Ministry of Internal Affairs and Communications issued on Friday.

    Moreover, the retail sales gained 2.1 percent in the year to June as shown in another set of data.

    Andrea ForexMart, Official Representative

  2. #272

    Default Company News by ForexMart

    This week’s most popular deal:

    Andrea ForexMart, Official Representative

  3. #273

    Default Company News by ForexMart

    Winners for the week July 10 to July 14, 2017.
    Contest Prizes:

    1st Place - 300 USD
    2nd Place - 90 USD
    3rd Place - 75 USD
    4th Place - 70 USD
    5th Place - 65 USD
    6th Place - 60 USD
    7th Place - 55 USD
    8th Place - 50 USD
    9th Place - 45 USD
    10th Place - 40 USD

    Andrea ForexMart, Official Representative

  4. #274

    Default Economic News

    GST Weighed on the Economy of India

    The status of businesses in India has suffered the worst scenario during the 2008 financial crisis, considering the rise in sales tax extensively that rattled the supply and distribution chains after months of implementing the cash ban on roiled markets by Prime Minister Narendra Modi.

    Based on the report issued on Thursday, the Nikkei India Composite PMI Output Index shrink from 52.7 in June to 46 in July while the sharpest fall was March 2009. Activities in the services industry also decline to 45.9 from 53.1, which is the lowest since September 2013, after the data revealed the manufacturing had extremely dropped since 2009. A reading that is less than 50 reflects contraction.

    According to a report, the principal economist at IHS Markit, Pollyanna De Lima said, "Private sector activity dipped for the first time since the demonetization shock" and "most of the contraction was attributed to the implementation of the goods and services tax and the confusion it caused"

    The mentioned data served as an indication of the underlying weakness in the country. On Wednesday, the Indian central bank decreased its interest rates to the lowest since 2010 and appeal to the government to boost projects due to "an urgent need" to improve private investment.

    Most likely, companies are convinced that the outlook will become positive as the ruling of GST (Good and Services Tax) are being clarified, De Lima said.

    Andrea ForexMart, Official Representative

  5. #275

    Default Economic News

    Oil Price Up Amid High U.S. Demand and OPEC Supplies

    Oil prices increased on Thursday because of the narrowing of the U.S. market as well as the large supply from OPEC producers that have a greater impact in the overall sentiment. The benchmark for Brent crude increased by 20 cents per barrel at $52.56 while the U.S. light crude up by 20 cents at $49.79. A high demand in the U.S. has pushed the price higher. Statistically, the recorded gasoline demand was 9.84 million barrels per day (bpd) for last week and a decline in commercial crude inventories worth 1.5 million barrels to 481.9 million barrels which is much lower than the barrels recorded last year.

    Members of OPEC and other producers such as Russia pledged to limit the output by 1.8 million bpd until March next year to support price and lower inventories. Yet the organization reached a record high of 33 million since July which is higher by 90,000 bpd from the previous month according to the Reuters survey.

    It seems that the oil industry in this era has become accustomed to low prices and function in levels that would have been impossible before as reflected in the field.

    Andrea ForexMart, Official Representative

  6. #276

    Default Company News by ForexMart

    Economic Calendar

    Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.

    ForexMart's Forex Economic Calendar is a real-time, customizable, and multifunctional, forex tool that allows traders to be updated with the latest and most relevant market events. All information that could be potentially impact your trading will be listed and analyzed here.
    A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.

    Andrea ForexMart, Official Representative

  7. #277

    Default Company News by ForexMart

    ForexMart Won as Best Forex Newcomer 2016

    ForexMart was recognized as the best young company of 2016 year in the field of financial markets activity according to the business publication Global Business Outlook, having won a new award in the nomination "Best Forex Newcomer 2016".

    Global Business Outlook Awards – the annual international award which recognizes and rewards businesses, both private and public, showing impressive innovations and progressive strategies in business activity at various economic industries. The new award, received by ForexMart, proves the high professionalism level of its specialists and quality of the offered services. And surely it reflects the highest degree of customer confidence. The award «Best Forex Newcomer 2016» from the authoritative British edition is a great distinction in a highly competitive market.

    ForexMart President Ildar Sharipov is thankful for the award commenting:
    «We are proud of getting this important and significant award and very thankful to our clients for their firm trust. This new award is a symbol of ForexMart’s excellent service that brings clients the complacency and security they need in the volatile forex exchange market. We always aim to provide our clients with the most advanced technologies for successful trade, without forgetting about safety and comfort of our interaction. We are planning to develop our services further, helping traders and partners to remain at the top of financial success».

    ForexMart continues to make progress, creating and improving optimum, convenient and safe conditions for trade. Receiving of this award – is a significant achievement, indicating that ForexMart and its clients are on the right path - the path to success!

    Andrea ForexMart, Official Representative

  8. #278

    Default Company News by ForexMart

    This week’s popular deal:

    Andrea ForexMart, Official Representative

  9. #279

    Default Economic News

    U.S. Job Openings Soared to 6.2 Million in June

    There are about 6.2 million jobs available in the U.S. as companies are searching for new employees. The number of job openings rose to 417,000 for private sector while there are 44,000 postings for government vacancies including state and local government as stated by the Job Openings and Labor Turnover Survey (JOLTS) from the Labor department. Since April 2015, the jobs data has started to rise during the recession as it moves over the years.

    Although, the job vacancies varies for every industry. In particular, those job opening includes education and health-services related industry, and professional and business services which have significantly increased in openings compared before the recession.

    The report implies the stagnant hiring situation despite a surge in job openings. This has been happening for years and has risen fastly while the actual hiring has been flat since 2014.

    Andrea ForexMart, Official Representative

  10. #280

    Default Economic News

    Bank of New Zealand Hold Rates

    The Reserve Bank of New Zealand maintained interest rates on hold after the CPI inflation came in flat in the second quarter. The decision made by the RBNZ was already anticipated by analysts which is followed by the unexpected decline in the employment rate in Q2 together with the weak growth in gross domestic product.

    During the first quarter of 2017, the economy of New Zealand increased by 0.5% below trend, after the slight growth of 0.4% in the last quarter due to temporary factors such as earthquake.
    The central bank failed to push higher rates prior the Q3 of 2019 as shown in the forecasts issued associated with the monetary policy statement as indicated in the previous projections. The banks further downgrade its assessment on inflation for 2018 and 2019.

    Amid dovish tone of the RBNZ regarding interest rates, the Kiwi dollar in terms of trade weighted rose. This is one of the concern of the bank for it has the potential to weigh downward pressure on prices.

    The New Zealand dollar made light changes versus the greenback after the announcement.
    Last edited by Andrea ForexMart; 10-03-2017 at 07:33 AM.
    Andrea ForexMart, Official Representative

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